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Economics Mcqs 4423 MCQs [All-Courses]

Economics MCQs cover fundamental concepts of microeconomics and macroeconomics, including demand and supply, inflation, national income, and economic policies.
This section is designed to strengthen analytical skills and conceptual understanding for competitive examinations.
Highly useful for PPSC, FPSC, NTS, OTS, KPPSC, and other testing services preparation.

In the short run, the supply of capital is __ and in the long run will depend on _?

A variable, technology

B fixed, expectations

C fixed, rental rate of capital

D variable, interest rates

Review Detailed Answer

Correct Answer: fixed, rental rate of capital

The marginal revenue product of capital is the ?

A change in a company’s balance sheet when it acquires new plant

B additional value of output from using more capital

C change in company’s share price

D changing value of the capital stock

Review Detailed Answer

Correct Answer: additional value of output from using more capital

the cost of using capital services is the ?

A wage rate of capital

B interest charges

C marginal capital cost

D rental rate for capital

Review Detailed Answer

Correct Answer: rental rate for capital

Efficiency wages are that raise _?

A low wages, employment

B high wages, labor supply

C high wages, productivity

D high wages, employment

Review Detailed Answer

Correct Answer: high wages, productivity

In the West Women and non-whites on average receive lower incomes than white men because ?

A they tend to work in relatively unskilled jobs

B educational disadvantage

C firms are reluctant to invest in training

D all of the above

Review Detailed Answer

Correct Answer: all of the above

The most important source of wage differentials are ?

A regional variation

B unionization

C relative danger

D skills

Review Detailed Answer

Correct Answer: skills

Unions achieve a higher wage differential the more _ and the more __?

A inelastic the demand for labour, they can restrict the supply of labour

B members they have, aggressive they behave

C the economy is growing, people prefer leisure

D the productivity is growing vacancies exist

Review Detailed Answer

Correct Answer: inelastic the demand for labour, they can restrict the supply of labour

The opportunity cost of acquiring education is ?

A course fees

B course fees and living expenses

C the earnings foregone

D Course fees living expenses and textbook

Review Detailed Answer

Correct Answer: the earnings foregone

Human capital can be described as ?

A the tools used by workers to enhance productivity

B a person inherited ability

C the stock of expertise accumulated by a worker

D education

Review Detailed Answer

Correct Answer: the stock of expertise accumulated by a worker

The downward sloping marginal physical product of labor is the firm’s ?

A Supply of labor

B Short-run demand curve for labor

C marginal cost of labour

Review Detailed Answer

Correct Answer: Short-run demand curve for labor

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

In the short run, the supply of capital is __ and in the long run will depend on _?

The marginal revenue product of capital is the ?

the cost of using capital services is the ?

Efficiency wages are that raise _?

In the West Women and non-whites on average receive lower incomes than white men because ?

The most important source of wage differentials are ?

Unions achieve a higher wage differential the more _ and the more __?

The opportunity cost of acquiring education is ?

Human capital can be described as ?

The downward sloping marginal physical product of labor is the firm’s ?

Contact Info

Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

In the short run, the supply of capital is ________ and in the long run will depend on _______?

The marginal revenue product of capital is the ?

the cost of using capital services is the ?

Efficiency wages are ____ that raise _____?

In the West Women and non-whites on average receive lower incomes than white men because ?

The most important source of wage differentials are ?

Unions achieve a higher wage differential the more _____ and the more ______?

The opportunity cost of acquiring education is ?

Human capital can be described as ?

The downward sloping marginal physical product of labor is the firm’s ?

In the short run, the supply of capital is __ and in the long run will depend on _?

Efficiency wages are that raise _?

Unions achieve a higher wage differential the more _ and the more __?